Cambria Tail Risk ETF
TAIL
50 hedge funds and large institutions have $96.3M invested in Cambria Tail Risk ETF in 2023 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 20 reducing their positions, and 9 closing their positions.
2% less funds holding
Funds holding: 51 → 50 (-1)
2.24% less ownership
Funds ownership: 62.72% → 60.48% (-2.2%)
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
17% less capital invested
Capital invested by funds: $117M → $96.3M (-$20.4M)
25% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 20
85% less call options, than puts
Call options by funds: $9K | Put options by funds: $61K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$8.49M |
| 2 |
MAWAG
Mid-American Wealth Advisory Group
Kansas City,
Missouri
|
+$4.53M |
| 3 |
SIA
Soltis Investment Advisors
St. George,
Utah
|
+$2.63M |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$1.12M |
| 5 |
PFA
Professional Financial Advisors
North Platte,
Nebraska
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CFG
Citizens Financial Group
Providence,
Rhode Island
|
-$10.3M |
| 2 |
HighTower Advisors
Chicago,
Illinois
|
-$5.88M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$5.06M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.33M |
| 5 |
BCI
Brinker Capital Investments
Berwyn,
Pennsylvania
|
-$1.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CFG
51
Citizens Financial Group
Providence,
Rhode Island
| – | -$10.3M | -759,961 | Closed |
|
52
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$1.71M | -126,180 | Closed |
|
|
DAS
53
Dynamic Advisor Solutions
Phoenix,
Arizona
| – | -$571K | -42,042 | Closed |
|
54
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$530K | -38,997 | Closed |
|
55
Bank of America
Charlotte,
North Carolina
| – | -$19.5K | -1,434 | Closed |
|
|
FA
56
Fiduciary Alliance
Greenville,
South Carolina
| – | -$18K | -1,329 | Closed |
|
|
IGWM
57
ICA Group Wealth Management
Denver,
Colorado
| – | -$15.9K | -1,168 | Closed |
|
58
JP Morgan Chase
New York
| – | -$8.6K | -633 | Closed |
|
59
Fidelity Investments
Boston,
Massachusetts
| – | -$14 | -1 | Closed |
|
TAIL Hedge Fund Activity: Q3 2023 in Review
50 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Cambria Tail Risk ETF (TAIL) for Q3 2023, worth a combined $96.3M — down 17% from $117M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TAIL and 8 opened new positions — a net loss of 1 holder — while 20 trimmed existing stakes and 15 added.
The largest buyer was AE Wealth Management, adding an estimated $8.49M. The largest seller was Citizens Financial Group, exiting entirely with an estimated $10.3M sold.
- 50 institutional investors held Cambria Tail Risk ETF (TAIL) as of Q3 2023, down from 51 in Q2 2023.
- Funds reported $96.3M of Cambria Tail Risk ETF stock for Q3 2023, down 17% quarter-over-quarter.
- 8 funds opened new Cambria Tail Risk ETF positions in Q3 2023 and 9 closed out, a net change of -1 holder.
- The largest Cambria Tail Risk ETF buyer in Q3 2023 was AE Wealth Management, an estimated $8.49M added.
- The largest Cambria Tail Risk ETF seller in Q3 2023 was Citizens Financial Group, an estimated $10.3M sold.
Based on aggregated 13F filings for Q3 2023.